Economics is the social science that studies how individuals, businesses, governments, and societies make choices about allocating their limited resources to satisfy their unlimited wants. It involves the analysis of production, distribution, and consumption of goods and services. Economics is often divided into two main branches: microeconomics, which focuses on the decisions of individual agents and markets, and macroeconomics, which looks at the economy as a whole, including issues like growth, inflation, and unemployment. Key concepts in economics include supply and demand, opportunity cost, and market equilibrium. The discipline seeks to understand how various factors influence economic behavior and how policies can affect economic stability and growth.
The Turkish Lira's current fluctuations against the Japanese Yen are capturing investor attention due to recent interest rate cuts and geopolitical developments. In a bold economic decision, Turkey's Central Bank…